Levi Strauss price target raised to $25 from $23 at UBS

UBS analyst Jay Sole raised the firm’s price target on Levi Strauss to $25 from $23 and keeps a Buy rating on the shares. UBS thinks the market doesn’t fully appreciate Levi Strauss’s ability to leverage its strong brand name and investments in its direct to consumer channel, and forecasts strong sales growth and margin expansion drive a 16.5% five year EPS compound annual growth rate, the analyst tells investors in a research note. The beat and raise should positively impact the stock near-term, and UBS sees a better-than 2:1 upside/downside skew over the near-term.